Best savings plan singapore

What makes a good savings plan and endowment policy?
We look into Savings plans and Endowment policies that provide a good blend of product features, potential payout and flexibility of saving period. While all savings plans and endowment policies accumulate cash values, the cost of insurance riders may affect your surrender value when you need a payout.

Saving plans and Endowment policies the best insurance policy?

Our criteria for picking the Endowment Policies below:

Options for cash withdrawal
Type of payout (Guaranteed and Non-Guaranteed)
Policy and premiums tenure
Other unique product features

Note: The Savings plans and Endowment policies listed below are not ranked in any priority. Early surrendering or cashing out from your endowment insurance policies will result in financial loss.

Read about: How does Savings Plans and Endowment Policies work?

Read about: Savings Plans and Endowment policies, are they suitable for me?

Best Endowment Savings Plan for Cashback Features – Singlife Flexi Life Income II
Singlife Flexi Life Income II

As the name Singlife Flexi Income II suggest, this plan offers you the flexibility to decide when your annual income payouts begin.

Single Premium Option: Your capital is guaranteed from as early as the 3rd year, with income payouts starting from the 3rd year and continuing for life. This option serves as an excellent alternative to fixed deposits, with the added convenience of not needing annual renewals at the bank.

Regular Premium Option: You can choose a premium payment term as short as 3 years. Your capital is guaranteed from the 3rd year, and income payouts begin from the 3rd year and continue for life.

If you don’t need the income immediately, you can reinvest it at an annual rate of 3% to further grow your wealth!

Besides lifelong wealth accumulation and income payout, the policy can be assigned to a loved one as the secondary life assured to carry on wealth accumulation for maximum returns, even after you have passed on.

What we like about Singlife Flexi Income II

Income stream for a lifetime
Availability of short premium tenure
Income can be pay out for life from as early as the 3rd year

What we don’t like about Singlife Flexi Income II

Shorter premium tenure also means a higher annual premium. For Single premium, the minimum premium is about 42k. For 3 year premium term, the minimum premium is about $15,000

Whatsapp us to let a licensed financial adviser work out a comparison proposal according to your needs at no cost to you.

Read about: Singlife Flexi Income II Review (in-depth plan details)

Act now: Compare Best Endowment Plans in Singapore (2025)

Other similar plans that you can consider
China Taiping i-CashLife

Best Endowment Savings Plan for Highest Guaranteed Returns – Singlife Choice Saver
Singlife Choice Saver (previously known as Aviva MyChoiceSaver) is an endowment savings plan that allows you to save over a short time or for a lifetime.

Flexible premium payment terms ranging from 5, 10, 12, 15, 18, 20 or 25 years for a policy term of 10 to 25 years or up till age 99.

There is no flexibility to withdraw the funds, however, you can choose to reassign the policy to a loved one for them to enjoy the benefit of the policy. This option can be exercised twice in the entire lifetime of the policy.

What we like about Singlife Choice Saver

100% capital guaranteed upon policy maturity
Option to change the life assured to your loved one to carry on the policy
Receive an additional 3% of the sum assured upon reaching certain life milestones (i.e. marriage, buying a property, etc.) up to 2 claims